Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$171,897$171,897$270,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$98,103$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%5.715%7.560%
1st payment$835.14$835.14$1,854.71
2nd payment$0.00$735.78$0.00
Taxes / mo$77.58$77.58$77.58
Insurance / mo$150.00$150.00$150.00
MI / mo$140.49$140.49$54.00
HOA / mo$115.00$115.00$115.00
Total monthly$1,318.22$2,053.99$2,251.30
Cash to close$128,103$30,000$30,000